Thread regarding Wells Fargo & Co. layoffs

I wish leadership would be more aggressive in reducing layers of management

Everywhere I look, I see employees working hard to contribute to the bottom line and demonstrating a sense of ownership. In contrast, many if not most managers are mismanaging resources, adding redundancy, demoralizing employees, and adding inefficiencies to justify their measly existence. They simply can’t and don’t add value!

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Post ID: @OP+1oXnprDE

36 replies (most recent on top)

OP, you will not get rid of us easily, we are here to stay. You incapable servants need your masters.

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Post ID: @6iry+1oXnprDE

@3dnd

Sent you a DM with some info. Please pass it on to your friends!

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Post ID: @5vhr+1oXnprDE

Way too many managers recycling information without much contribution. Most don’t have a clue about leadership skills and are just there to collect a big paycheck and get high on the power trip. Innovation comes from people who know the job and are performing it everyday. Sadly WF petty manager have ki-led the spirit and motivation in all of us. Where is the higher standard that the would be held against or is that just a buzz word for individual contributors during annual reviews?

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Post ID: @5ucb+1oXnprDE

I am all in for unions. Where do I sign up?

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Post ID: @3dnd+1oXnprDE

I am willing to put in a few more hours and maybe be compensated accordingly if I can lead to elimination of my manager. My peers feel the same way. There is huge expense reduction opportunity in reducing layers of management but the biggest benefit would be better transparency and improved integrity.

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Post ID: @3jfc+1oXnprDE

@2pfr+1oXnprDE

Many managers are clueless with no communication skills. They need coaching or get the he-l out. Many managers got their position by fudging their resume and brown nosing executives anyway.

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Post ID: @2dsx+1oXnprDE

SPAM of control. LOL, good one!

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Post ID: @2gjz+1oXnprDE

You are clueless. Many individual contributors lack the skills necessary to communicate effectively and that’s why you all need managers to lead you.

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Post ID: @2pfr+1oXnprDE

I’m a Business Execution Sr Manager, and have no direct reports. My peer is also a Sr Manager and he has 2 reports. Our boss is Bus Ex Director and has four directs. This is after S&L came through and fired mgrs/re-orged our area - over year ago.

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Post ID: @2sny+1oXnprDE

What a S**t show.

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Post ID: @2ugm+1oXnprDE

I hate to admit, but organizing in a union may be the only to get senior leadership’s attention.

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Post ID: @2cdu+1oXnprDE

In India that is pretty standard - hiding truth in layers. Welcome to the madness and street fights and false egos.

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Post ID: @2emf+1oXnprDE

Spam of control still exists. Most changes hit q1 for reorg.

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Post ID: @2kut+1oXnprDE

To wish the impossible shows what you are

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Post ID: @2dbb+1oXnprDE

Spans and layers layers isnt being practiced in ITV as the COO group has managers with one or two direct reports scattered throughout. Several other pockets like that within other teams in ITV as well. they have directors with four direct reports. One of them has no testing and validation experience, and her claim to fame was developing a way to track employees production which isn’t accurate and used to kiss mgr butts. . What a joke.

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Post ID: @2bhj+1oXnprDE

Sort of funny. Folks here are complaining about their manager. The manager doesn’t know X , doesn’t do anything etc. But yet many on here aspire to be a manager . Careful what you wish for.

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Post ID: @1zij+1oXnprDE

Spans and layers never ended. There are exceptions, but it's still the SOP approach. I know managers that were canned in 2023 due to S&L.

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Post ID: @1uha+1oXnprDE

Definitely bring back spans and layers, need to cut 1-2 layers minimum across company and increase headcount per manager

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Post ID: @1xzh+1oXnprDE

@1ikz+1oXnprDE LOL, work at WF long? My god it's nothing new that if you change your password you have to change it on your phone. Ever heard of APS, you know, the WF site you go to change passwords and unlock accounts? You access it via a browser, or the link at logon screen. Helpdesk can unlock your account in 30 seconds. There is no increase in time, WF does not have a 'wait x amount of time to have your account auto-unlock like other companies do.' No wonder this bank it going down the tubes, its knuckle heads like you that work here.

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Post ID: @1inr+1oXnprDE

Before I was let go, my manager in tech had been with WF for 24 years. I have no idea what he does, because he knows nothing about tech. It was great in that he left us alone but was really not needed except to forward emails and approve pto. He was the tech that made sure we all did stamp before everyone else, made sure 'he flew under the radar. Complete dead weight. If he gets let go, there is no way he will ever get another tech job because he knows nothing.

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Post ID: @1qql+1oXnprDE

Most of the managers were jealous, insecure, petty peons that sabotage the good people that work for them. Putting them down to the point they LEAVE. What a sad place. Lots of covert verbal abuse & back stabbing/blacklisting as another post mentions. It's not even for quality of work. Arbitrary things, or 1 person doesn't like you. Terrible atmosphere.

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Post ID: @1ikz+1oXnprDE

I found this out today and my manager became livid but apparently if you change your password and leave your previous password saved on your BYOD device for too long and have the system attempt to sign you in multiple times it will lock you out in the cloud and when I opened the ticket with the help desk they referenced a published KB article that stated there is no way for a person to get unlocked it's a sit and wait game and if you keep on attempting to log in while you are locked out in the cloud the lockout timeline increases.... I inadvertently locked myself out the entire 8 hour business day when I changed my password in the first hour for the start of my day, for six and a half hours all I could do was sit around the office because I had zero access to email or instant message therefore I cannot attend meetings or anything like that.... This is the technology we have and my manager became verbally livid about his thoughts on the matter.... But made the comment at the end that he now has a valid way to go work from home and get paid for it because he cannot access resources.

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Post ID: @1dxq+1oXnprDE

The fish rots from the head down

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Post ID: @1ulg+1oXnprDE

Leadership seems geared more towards quantity and not quality when it comes to supposed management of people. The managers that are good at their job, who try to develop their teams and more, are being forced out. Bad managers are getting more bold in further blacklisting people they do not like. This is at the CEO level on down, do not forget that the exec for internal tools team died by su----e on company grounds and all WF employees still had to come into work. Town Hall it was not even mentioned no condolences not even talked about, however; what was talked about was how everyone is going to go back to the office because according to the CEO that is the only way you're going to become as rich as him since he accredited his success for being in the office without acknowledging that when he was coming up in his career the internet did not exist a majority of paperwork personnel used typewriters, mainframes, corded phones, etc.
WF is a world of delusions where all managers want to claim accolades of other engineers work and paint this world of perfection but if you are in some way related to a negative event then you are definitely going to get a inconsistently or barely meets benchmark on your end of year and mid-year reviews because only perfection is allowed here.

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Post ID: @1jvj+1oXnprDE

💯 Not just Marketing. Also in CLSS and CL.

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Post ID: @1jrv+1oXnprDE

Finally, a post and comments that are on point.

Our mgr is absolutely worthless. Only cares about managing up. Zero interest in helping develop staff. Rarely available or online (always Away; gets paid really well for not doing my work).

Not having 360° feedback is a MAJOR miss at WF. Company could save so much $$$ if they rooted out ineffective middle mgt.

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Post ID: @1dhb+1oXnprDE

During a program management meeting, one of the SVPs tell us, "we don't have much work to do, but let's make sure we make us look busy all the time, otherwise we will lose our job". These overpaid Sr. deadwoods must go.

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Post ID: @1wvq+1oXnprDE

Whatever happened to spans and layers? Of all the shart initiatives, this one actually had merit. It made some traction and abandoned. Time to spin it up. Too many layers. They’re out of touch with what’s going on.

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Post ID: @cku+1oXnprDE

I know a lot of managers, and a bunch of ICs too. Not sure it's the wisest idea to cast stones from a glass house. A much higher % of ICs are sc--w ups in some way or another.

Most of the people talking sm--k about mid-managers have no idea what those types are doing. At least in my LOB they are indispensable. It would be impossible for low level managers to do their job AND the corporate BS that the mids do.

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Post ID: @nki+1oXnprDE

My supervisor and her one up are basically useless. Corporate cheerleaders with no ideas of their own. They could both be laid off tomorrow and no one would notice they were gone. They add zero value.

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Post ID: @kou+1oXnprDE

WF is a delegating culture. Managers here don’t try to keep workloads somewhat even between their directs. They don’t care about assigning the right work to the right people. They certainly don’t mentor or develop people. The only goal is get the work off their desks as fast as possible. Then they ki-l the day in meetings where they don’t pay attention or contribute anything but a few rote buzzwords. Or is that just marketing?

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Post ID: @gjy+1oXnprDE

Wells has terrible managers and leadership? Nothing new.

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Post ID: @bzg+1oXnprDE

I heard the employee engagement score were through the roof this year.

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Post ID: @pfx+1oXnprDE

Wake up! They don’t give a $hit.

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Post ID: @gec+1oXnprDE

I completely agree with OP comments and wish this company had an anonymous mechanism for employees to provide much needed constructive feedback to their lousy immediate managers or preferably one or two levels above them. Hopefully that would result some meaningful improvement or terminations.

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Post ID: @zaa+1oXnprDE

True.

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Post ID: @udx+1oXnprDE

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